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He began to consider the advertising market, followed by app stores, and then identity applications. After a year and a half of exploration and trying various possible solutions, Pollak realized a fact: "Firstly, we need a true software platform."
Coinbase's own Layer 2 blockchain Base was born, built on top of Ethereum, which can aggregate batch transactions and write them into the main chain. Base was launched in August last year and is widely regarded as a popular L2. In the first quarter of 2024, Base's transaction volume doubled that of Ethereum, generating over $56 million in revenue. Mainstream on chain applications include Uniswap, Chainlink, and OpenSea.
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